Washington, DC—Today, U.S. Representative Jim Renacci (OH-16) released the following statement after the House of Representatives failed to pass a balanced budget amendment to the U.S. Constitution:

“I am very disappointed the vote to pass a balanced budget to the Constitution failed in the House. A balanced budget amendment would ensure the federal government could not spend more than it collected in revenue each year. It seems like such a simple idea to so many of us who have ever had to budget for a family or manage a small business – you can’t spend more than you take in. But that kind of common sense has for too long been absent from the way Washington insiders think.

“Runaway spending has brought massive amounts of uncertainty to the private sector, impeding job creation in the process. We have to make it more difficult for Washington to spend money it does not have or future generations of Americans will find themselves drowning in our debt. That is not the legacy I want to leave for my children or for yours, so I will continue to push for ways to force the federal government to live within its means.”

Rep. Renacci is serving his first term in the U.S. House of Representatives, where he is a member of the Financial Services Committee. Prior to his election he worked as a Certified Public Accountant in the health care industry, and owned and operated over 60 other businesses in the automotive and sports management fields.

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